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  • September 17, 2014
  • Last updated: 2:13am
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  1. HKEx earnings crash21pc in tough quarter

    Posted Aug 09th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Hong Kong Exchanges and Clearing (HKEx), the operator of the city's stock and futures markets, expects a challenging time ahead after reporting a worse-than-expected 21 per cent profit drop in the second quarter. Chief ex ...

  2. HK stocks start new year on a positive note

    Posted Jan 04th 2012, 12:00am

    ... May Chan and Charlotte So Hong Kong stocks rose 2.4 per cent yesterday on the first day of trade in the new year, lifted by news of an increase in manufacturing activity on the mainland and in India, the two major global economic growth drivers, as well a ...

  3. Mainland steel and car shares rise on new measures to boost sectors

    Posted Mar 24th 2009, 12:00am by Eric Ng

    ... Eric Ng Shares in mainland steel and car companies surged yesterday after Beijing provided more details about stimulus measures for the steel and vehicle industries while mining shares ... wants domestic brands to cover more than 30 per cent of mainland passenger car unit sales, and has laid out plans for the industry to consolidate and improve efficiency. Metal stocks rose ...

  4. BOC loan growth slows as home, car markets slump

    Posted Feb 03rd 2009, 12:00am by Staff Reporter

    ... yesterday. The growth in retail loans was a significant slowdown from the increase of about 114.85 billion yuan the previous year, reflecting cooling property, car and consumer markets. 'In 2008, BOC granted 540,000 instalments of individual housing loans and extended car purchase loans to 180,000 clients,' the bank said. 'At the end of December last year, outstanding ...

  5. Nine arrested over 510m yuan car fraud

    Posted Apr 17th 2007, 12:00am by Staff Reporter

    ... Zhuang Pinghui Nine people have been arrested for their role in the country's biggest car loan scam, in which a single bank branch was fleeced of 510 million yuan. Five employees of a Beijing-based trading company, including the company's legal representative, Huo Min, allegedly fabricated car buyers' personal information to apply for car loans from the Agriculture Bank ...

  6. HK stocks follow sell-down in Asia

    Posted Mar 04th 2008, 12:00am by Nick Westra

    ... Nick Westra Hang Seng Index slips 3.07pc as investors take cue from Wall St dive amid bad news Hong Kong stocks joined a rout across Asia yesterday, tracking a sharp drop on Wall Street on Friday after a slew of bad economic and corporate news signalled t ...

  7. Heads Up

    Posted Dec 03rd 2007, 12:00am by Staff Reporter

    ... with Cameron Dueck Hopes for US rate cut should keep the bulls charging Hong Kong stocks last week put a pretty bow on an otherwise ugly month of trading. That optimism should carry through to this week, particularly in certain sectors. A lot of the marke ...

  8. Baoxin encouraged by sector consolidation

    Posted Nov 29th 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com Car dealer Baoxin Auto is seeking up to HK$4.1 billion in an initial public offering in Hong Kong as the mainland's fragmented motor retailing market ... HK$3.2 billion to HK$4.1 billion to help expand its network of dealerships, which centres on luxury car brands such as BMW, Jaguar Land Rover and Audi. Passenger car sales on the mainland, ...

  9. Yongda, Xinchen seeking up to HK$6.24b in IPOs

    Posted May 11th 2012, 12:00am

    ... Anita Lam anita.lam@scmp.com Two mainland car firms may launch initial public offerings in Hong Kong as early as next month to raise a combined HK$6.24 billion, according to market ... and Baoxin Auto have been actively acquiring smaller car dealerships in the past two years. According to a report by UBS- a book runner for Yongda's IPO, Yongda's net profit is expected ...

  10. Stocks shaken amid rail safety fears

    Posted Jul 26th 2011, 12:00am

    ... The train crash that killed at least 39 people on the mainland rattled the stock market yesterday as the ambitious roll-out of the world's biggest high-speed rail network looked ... sacked a day after Saturday's crash, which is the country's worse rail accident since 2008. It was also another blow to the ministry after minister Liu Zhijiu was sacked in February ...




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